Business intelligence (BI) encompasses a wide range of techniques and technologies that enable organizations to harness their data to gain valuable insights. Whether it's identifying market trends, optimizing operations, or understanding customer behavior, business intelligence empowers organizations to take a data-driven approach, resulting in improved performance and competitive advantage.
How business intelligence drives success
How big data helps reduce hospital readmissions
Business intelligence (BI), or big data, involves analyzing large data sets to improve decision-making. This concept has been around for many years, and it has certainly benefited a sprawling industry like healthcare. One of the main reasons for this has to do with the Affordable Care Act, which penalizes hospitals for having high readmission rates.
Improving healthcare systems with big data
The positive effects of business intelligence (BI) and big data analytics on healthcare management are becoming increasingly apparent — especially when it comes to reducing hospital readmission rates. Take a look at why many hospitals and clinics are beginning to embrace the potentials of data-driven business.
Why BI is for everyone
If you’ve managed to convince yourself that only large enterprises have the money to take advantage of Business Intelligence (BI), then think again. In the past, companies needed to hire expensive experts to really delve into BI. But these days, there is a range of affordable self-service tools that will allow small- and medium-sized businesses (SMBs) to make use of BI. What's more, your SMB creates and holds much more data than you realize, which means you can start using BI for your business.
BI is not just for the big boys
Most of us don’t normally associate Business Intelligence (BI) with small- or medium-sized businesses; the large investment that has traditionally been required to hire specialist data-delving experts makes us think it’s the preserve of larger organizations.
Tips for smart BI planning
Implementing Business Intelligence (BI) software and other tools can help your company grown by leaps and bounds. However, it has to be planned for with the proper level of diligence and care to truly be beneficial to your business. Haphazardly installing BI software can result in an expensive misstep that sees you fall behind the competition.